Taxes rarely make the news, but hiring 87,000 new IRS employees is likely to affect you. The Inflation Reduction Act of 2022 (IRA 22) became law on Aug. 16. Inflation is worse than it has been in 40 years, but the additional spending authorized by IRA 22 will only accelerate inflation.
To this end, $80 billion to hire 87,000 new IRS employees means more people will be audited. Several of my clients still have not had their 2020 tax returns processed nor have they received their refunds. By their actions, the IRS leadership has revealed their priorities.
Why Mark Cuban Believes There Are 'No Good Taxes'
If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
In fact, in a recent Twitter post, Cuban insisted that "there are no good taxes." But he also said "taxing buybacks rockets to the top of the list."
Taxes: IRS Will Refund $1.2B to Late Filers Who Struggled During Pandemic — Who Qualifies?
In a move designed to help struggling taxpayers affected by the COVID-19 pandemic, the IRS will provide penalty relief to individuals and businesses who filed certain 2019 and 2020 returns late.
Here It Is: Our 2022 Small Business Spotlight
Find: 9 Bills You Should Never Put on Autopay
Gov. Wolf: One-time Bonus Rebates on Property Taxes/Rent to Be Distributed Starting this Week
Today, Governor Tom Wolf announced that thousands of the older and disabled Pennsylvanians who have already received a rebate on property taxes or rent paid in 2021 will also receive a one-time bonus rebate starting this week.
"I am proud that bonus rebates are starting to roll out to Pennsylvanians in need this week," said Gov. Wolf. "I proposed these bonus rebates back in February to help low-income Pennsylvanians deal with inflation and higher costs.
Iowa's unemployment taxes on businesses to drop for 2023
The tax on businesses that Iowa uses to fund benefits for unemployed workers will drop to the lowest rate in more than two decades, Gov. Kim Reynolds said Wednesday.
Iowa Workforce Development director Beth Townsend said employers will see an average 25% reduction in their unemployment taxes next year as a result of the rate decrease.
lawrence diggs column taxes and what we are willing to pay
Should we have taxes? What should they be used for? Who should pay them and how much should they pay? These are important issues for many of us.
The conversations I hear about taxes seem to focus mostly on cost and very little on benefit. It is probably because we humans are averse to losing anything, and taxes are experienced mostly as cost.
Soaring prices for Mankato homes leads to soaring city taxes | Local News | mankatofreepress.com
Almost All Freelancers Are Overpaying Taxes. Are You?
All freelancers must pay federal income taxes. Your tax rate will vary based on your income bracket. These brackets differ for single filers, joint filers and heads of household. Below are the 2022 federal income tax rates for single filers based on income.
Notably, each portion of your income is taxed at the above rates. For example, if you earn $75,000 in 2022 as a freelancer, you'll pay 10% on the first $10,275 of your income. You'll then pay 12% on the next $41,775 minus that first $10,275, which would be $31,500 of your income.
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Hop aboard a shuttle to Kepler-1649c. Be there to welcome new lifeforms into the universe. All passengers must have a verified event token. There are 10,000 tokens in circulation so no need to panic. Limited seating available per trip. There will be multiple flights each hour shipping off from the NORAD Space Port in Iceland. Event tokens are non refundable & non transferable (except on the black market. Call Sal with questions.) An event token can be reused for up to 9900 yearly transactions. No sandals allowed on flight. Adults only. Kittens must show a custodian's ID at the gate. You are not allowed to get married while aboard the shuttle. Please arrive early if you are wearing jeans. NB: EVENT TOKEN CONTAINS A PRIVATE ANONYMOUS DIGITAL IMPRINT.
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